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5 Steps to CRUSH Debt + FREE Debt Payoff Goal Tracker

Family Balance Sheet

Our journey to debt freedom started back in 2013 when we found ourselves saddled with business and student loans. I couldn’t imagine making the monthly payments for the full term of the loans, so I concocted an idea to pay them off early and wrote our Debt Freedom Plan. This list became our personal Debt Freedom Plan.

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Create your debt freedom plan

Family Balance Sheet

Yet after listening to Dave’s approach, I knew I didn’t want to be anybody’s slave and if I was being honest with myself, the total amount of debt payments we made every month was ridiculous. After the FPU class, we looked at our debts differently. Listed below is our original debt freedom plan that we wrote back in 2013.

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2019 Debt Freedom Plan Update

Family Balance Sheet

We still have a mortgage, so we’re technically not DEBT-FREE, but we paid off over 6 figures of business debts and student loans since 2012 and have wiped out our NON-mortgage debt. Our Debt Freedom Plan (October 2019 Update): Exact numbers have been omitted at this time. We’re way behind on this.

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Shannon & Her Husband Paid off $22,000 in 9 Months

Family Balance Sheet

Today’s Debt Free Story is from Shannon. As many students do these days, we had tens of thousands of dollars of debt by the time we graduated with our Masters degrees. Living on two-incomes, we could have easily paid off our debt quickly, but we had no idea at the time that “debt free” was even a thing.

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2012 Financial Goals

Family Balance Sheet

We are very excited about the possibility of being completely debt-free and there are two things that have made it a possibility: (1) We made a very conscious decision 10 years ago to buy a house below our means and (2) we made a risky decision 18 months ago to convert our mortgage to a HELOC. Save for a Walt Disney World Vacation.

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How to Achieve Your Financial Goals (tips from the achievers)

Family Balance Sheet

Their 2017 goal is to pay off the remaining balance on their mortgage ($27,900) and be DEBT FREE! Jackie and her husband paid off $147,000 of debt in 10 years and are debt free. My husband and I also have a goal of debt freedom, but we’ve put together micro-S.M.A.R.T. ” Pay off Debt.

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Take Control of Your Money in 2015

Family Balance Sheet

When I run the numbers, I realize it’s going to take years before we can scream, ”WE’RE DEBT FREE”, our ultimate goal. Debt Free Stories. I started the Debt Free Stories interview series back in September and it has been really well received. There’s just one problem.

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